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Clued - the contributor "Needlesthecat" has made few comments. I have not bothered to investigate further. Drivers for markets include news, sentiment and momentum. Right now, all major markets are, at or have, in the last few days, been at all time highs; that indicates sentiment (to me) which, as the UK has today confirmed an increase in defence spending to 2.5% Gross National Product so this is news (as far as I am concerned. The final piece in the "noise" of the market to consider is momentum and that is based on the longest possible chart for the share price performance.
There is no doubt in my mind that although there will be days when the share price falls, the trend will remain northbound. As "Needlesthecat" provided no flesh or argument to support contention, I ignored the comment. FWIW, despite my optimism in whatever holding I have interest, I tend nowadays to pay greater heed to bearish comment and filter out those that are the most aggressive in their applaud for a company.
Needlesthecat, "Going down I am afraid"
??? Going down as a high riser ???
This will be 1400p soon !!
Https://www.cnbc.com/2024/04/19/bae-systems-linked-to-deals-in-countries-accused-of-human-rights-abuses-report.html
Don't believe that this will have adverse effect on the share price.
First question investors need to ask, is whether the company is a good investment and follow it with "are there better ones" and finally, what financial exposure should I risk?
For myself, I do not like to have more than 2% portfolio capital invested an any single holding including cash, and, for the most part I have been able to do this.
What will happen to BAE today…..up or down?
Until there’s another u turn ……. The global strife is more of an influence than anything our politicians say, until there’s ink on the paper.
Quote from GS note on 9th April.....
"While our Portfolio Strategy team are relatively constructive on the European Defence outlook, they are not recommending EU Defense given the challenging valuation premium and recent outperformance," the note said.
Somewhat of a contradicition to their note of yesterday but there was the Iran / Israel missile launch last Friday.
Alas_smith,
Couldnt agree more guns, smokes and oil have been great for me.
As geopolitical tensions rise GS " increasingly favour stocks exposed to long-term secular growth themes with superior visibility on growth."
Names Thales with PT of €170, RR, Airbus as buys. Also names Rheinmetall with 12 month PT of €606.
No mention of BAE though....
Kicking off in the Middle East this evening.
Seems that my holding in bombs, f@gs and chemicals continue to outperform the touchy feely woke inspired equities that have struggled for years
... as European defence spend continues upwards - analysts.
BAE was given a share price target upgrade by Deutsche Bank analysts on Friday as European defence spending looks to keep growing.
“BAE has more exposure to the Nordic, Baltic and Eastern European states, which are the fastest growing defence markets in Europe,” the bank said in a note.
Given the ongoing war in Ukraine, Deutsche highlighted plans from the likes of Poland, Norway, Denmark, Finland and Sweden to boost defence spending.
“BAE could benefit in two ways, either via direct sales to these countries, or via foreign military sales via the US,” analysts added.
Indeed, Deutsche highlighted a series of high-profile contracts from the US so far this year, including for armoured multi-purpose vehicles, alongside M109A6 and A7 Howitzers.
Demand for military jets, such as the Eurofighter, could also be revived, according to the bank, as orders come through from Middle Eastern nations.
Deutsche lifted BAE’s share price target from 1,290p to 1,440p as a result, anticipating a 12% climb on Thursday’s close.
https://www.proactiveinvestors.co.uk/companies/news/1045188/bae-to-keep-benefiting-as-european-defence-spend-continues-upwards-analysts-1045188.html
Smarmer is backing defence spending...2.5% GDP...all the way. Can only be good for Bae. GLA
Yes, GS upped their TP for BAE today whilst at the same time obviously trying to knock the sector and looks like Market Manipulation to me. GS also upped the Rheinmetall TP whilst knocking it back by c 15% initially. I've emailed the paper tiger FCA about it and am patiently holding my breath awaiting a reply !! The FCA need to find some guts and tackle these US banks, JP Morgan are also constantly playing market games.
Nothing wrong in banking a profit. It is also very healthy for a pullback form time to time. After all, the defence sector has had a very decent 3 year run and, whether we like it or not, defence spending is not showing any sign of drying up.
Insofar as to whether the old adage of "sell in May...." holds any sway nowadays. Well, I'm afraid that that went out at the point of "Big Bang", the expansion of markets worldwide as well as the number of people taking an interest in their money.
Markets have had a good run in the first quarter of 2024 that built on that from October 2023.
Bro-ken-broker, maybe the Rheinmetall profit taking prompted same in other European Defence and Aerospace stocks YES. But the scale of same to knock so much value off the sector's valuation smells of illegal co-ordination by a number of highly invested groups ?
Positives here are that Defence spending will be materially increasing and threat of and actual Wars more likely to escalate to support the former. The "Sell in May and go away" reason by a poster on RR board is nonsense because funds and large portfolio managers don't close for the Summer even if the top guys are dossing somewhere !!
Chemring and Qinetiq also both by c. 4%.
Goldman raises their TP to 1398p today.
Well spotted bro - agree that's what's behind the slight pullback
Https://www.reuters.com/business/aerospace-defense/rheinmetall-slumps-12-traders-dump-stock-after-record-run-2024-04-09/
Probably reason behind UK drop in BAE
Very interesting Alas_Smith, shows how much catching up the UK needs to do !!
Interesting article from Charles Stanley https://www.charles-stanley.co.uk/insights/commentary/the-future-of-nato
LoungeLizard1, yes I understand what you're saying and I've lived enough of life to see the kind of evil that humans can do. I accept that I find it hard to understand how people can be brainwashed - fanatical terrorists - to such an extent to behave like psychopaths because I'm too much of an independent person myself. Today the reasons were publicised regarding how the WCK 7 aid workers were murdered (criminal charges may still be brought) and it was due to carelessness basically and lack of communication. I've been a victim of crime a number of times myself, ie gun to my head, knife to my throat twice, financial fraud, etc... so I have the life experience !! It's strengthened me if anything as death itself doesn't frighten me, but if anyone hurt my family they would feel my wrath as far as possible regardless of the consequences to me. Just reading about the 7 who died can be quite upsetting as these were good charitable people, yes taking a known higher risk, but did not deserve to die, yes like many others as it is a war situation. Hamas and other terrorists are fundamentally cowards as shown by their flight to Qatar and Dubai.
Clued, again, its a warzone. Its not an excuse, its a reason. If you think the Israelis are being callous, you should see what the Azerbaijanis are doing, or the junta in Burma. Literally nobody cares. Its all just hand-wringing from certain sections of society who have an axe to a grind. Its just distracting from the Palestinians. There's a reason why Egypt and Lebanon are refusing to open their borders to refugees from Palestine – they remember the trouble it caused the last time they accepted them. Beirut used to be the Paris of the Middle East before the PLO turned up. Cairo refuses to host anybody with links to Hamas – they are the offshoot of the Muslim Brotherhood (Egypt is sworn enemies with them).
Yes, the Israelis are hard, abrasive, arrogant, but their neighbours are much, much worse.
LoungeLizard1, with respect, Israel have killed many innocents unnecessarily, recent murders have been the WCK 7 deaths which have received strong condemnation from many countries. The IDF are acting carelessly, can't believe they shot 3 Israeli hostages whilst 2 were waving white cloths surrendering.
The excuse 'this is a war' is not acceptable, imagine if it was your son or daughter who was an aid worker killed like that. Personally, I would want to kill Netanyahu if it was my child and would even consider hiring someone to do it. I can see Israel collapsing, being isolated, if they continue on their callous path, all it needs is for the US to cut them lose. Jews themselves are also losing popularity. Maybe Iran and its proxies have actually anticipated all this just like a chess game !! Just like Putin as he ramps up his weapon production, something that the West seems less capable of doing.
I am invested here, but also expect a responsible use of weaponry.
LoungeLizard1, you forgot BABCO_CK, and have added the '_' hoping LSE's narrow minded staff don't '****' it !!
"Complicit" "Collective punishment" ? It's a highly congested warzone. Innocents die. Israel shouldn't be held to a higher standard than any other country. If Saudi Arabia got even a tenth of the flak Israel does, there would be questions. The moaning is all done in bad faith. There's many crosses to bear. Senseless to pick this one.